-
Newbuy
Whats the chances of a succesful newbuy application with the below details? Joint application App 1 income 65k credit card debt 4800 excellent credit rating App 2 income 28k credit card debit 5400 good credit rating Joint loan 4700 Total income 93k total debt 14900 House cost 249k, we have saved the deposit and fees etc…
-
Mortgage Required to Allow Overpayments
Hello, Can anyone advise any great mortgage offers about upto 60% LTV, which offers an overpayment service without penalty. It would be even better if I can take the money that I overpay back out on short notice too.
-
Mortgage Advice
Hi All I am a newbie seeking some advice, basically my partner and i are looking to get a mortgage as first time buyers. I filed for bankruptcy in 2008 and was discharged in 2009, have a coop cashminder for wages to be paid into and to pay all bills with. Also have been accepted for vanquis credit card to help rebuild my…
-
Mortgage query
Hi all, I wonder if you can help. Does anyone know of a mortgage company that uses humans to make lending decisions? I want to buy a house, of which the purchase price is not much more than my annual salary. Sure I have a poor credit history, but thats from many years ago. I have not missed a payment on anything in about 4…
-
Unfair Booking fee from Coventry
Hi Folks, This is my first post on any type of forum so I hope you can understand it all ok! Just looking for opinions really. We have recently looked at changing our mortgage deal as fixed rate had come to an end. Our financial adviser recommended a Coventry deal as it suited our circumstances (no tie in). We were charged…
-
Bit of help, FTB'r...
Trying to get to grips with all i need to know but have a few questions... I am paid via salary/dividends so finding it hard using the online calculators to find out what sort of mortgage i may be able to get. So thinking that my best bet is to go down a broker route, (although having spoken to 2 already that had no idea…
-
Mortgage Application Declined
Hi all, I am currently in the process of part exchanging our home for a new build. We are looking at taking advantage of the Newbuy scheme. We spotted the house and made preliminary enquires over Christmas. I then spoke to the builders own mortgage advisor who punched our details into his calculator and confirmed that we…
-
Instant rejection from my bank without them checking my account
Hello and hoping for a little advice on whether I can persue this further. Here's the story first. I am currently looking for my first home to buy. I am 25 and in full time freelance employment. I recently spent all my savings on a car and some private dental work which I don't regret one bit. But my father last week told…
-
Which is the best......
BTL mortgage for my brother's needs. My bro inherited a 3 bed bungalow. It's worth £370k (probate valuation) &he has a £30k residential mortgage on it. He wants to mortgage for £180k and let the bungalow (probable rent £1300-£1500/mth), using the excess £150k to purchase outright a house to live in. He's 52, in steady work…
-
Refused credit for mortgage
Hi, hope Ive put this is the right section, could really do with some advice! Ive been for a new mortgage today & been refused credit based on my past history - i have checked my credit report and have excellent rating, the only 'bad' bits are that i missed in total 8 store card repayments (minimal value) over several…
-
A really silly question! Moving money in bank account?
Hello all, We have tentatively started talking to a broker regarding getting a mortgage soon. We have had it explained that at some point bank statements etc will be needed. Thats no problem but what I was just wondering is I tend to "sweep" all of the 'spare' money in our current account across to individual savings…
-
Mortgage advice please!
Hello all!! Being new to MSE, I have rad with interest Martin's bit about mortgage adviser and how some of you lovely lot were kind enough to give free advice on the forum. So here goes:my partner and myself wish to move closer to London.He owns the house we live in,repaying an interest-only mortgage,he had a bad credit…
-
Pushy mortgage adviser
Hi I'm a bit confused - I was enquiring about eligibility for a shared ownership flat which I really like. The housing assoc which is selling it put me in touch with their broker who has to decide on my eligibility. They said I could make my own mortgage arrangements separately but I had to give my details to the one they…
-
Mortgage company lost my signed docs
Please help. In 2007 I took out a 10 year fixed mortgage, I was told that after 5 years I could apply for a new product, remain for a further 5 years on the fixed rate or revert to SVR. During 2012 I called several times to confirm the date when these changes could happen and was told 31.11.12 and that I could if i so…
-
will my mortgage offer be withdrawn?
i am new to this thread so not sure if correct info. I had a mortgage offer 5 december with my current mortgage company to port over existing and borrow extra. myself and husband have had mortgage for 12 years, no missed payments on mortgage, loans, credit cards etc, nothing ever missed, perfect credit rating. we have no…
-
Reverting back to BMR
Just wanted to get an idea of what other people would do in my situation. Currently on a 5yr fix with the Nationwide of 5.63%. Runs out April 2013. It will revert to the BMR + 2% after that, so currently 2.5%. This seems really cheap and one of the cheapest we will get out there at the moment, but I'm not sure whether I…
-
Complicated mortgage
Right. I'm a first time buyer, currently renting with my teenage children. £800 pcm. No savings, self-employed, established business, net profit approx £40k /year. Would like to move in with my mother to live in large house with annexes. Living there would be me, needing office space, Mum, also runs business with me and…
-
New Property Buying in London
Guys, I live in London and do not want to move out as i think i will be good to stay here because of my work commitments... I pay 850 as rent + all bills separate (water + gas + electric + council tax) I am a first time buyer. I think my credit rating is good. Considering the situation here in London, i can afford a…
-
Help - desperate times.....
Hello all needing more advice please. I have written a few posts but will explain again. Mu mum died last month and we lived together, I am not coping with that and I am also disabled and having a major op in 2 months. We can't seem to get a mortgage (I am on benefits and a bad credit rating and my brother has a default…
-
Can someone help me with this mortgage calculation?
We currently pay £701 a month on a 30 year/5 year fixed mortgage (5.83%) on £118,000 borrowings. We are down to a balance of £86.5k and the capital amount of the monthly payment is about £280, I can see that from the recent mortgage statement we received up to the end of December. Anyway, when I just called Santander they…